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Business Plan for Car Hire Company - Essay Example

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This essay “Business plan for car Hire Company” discusses the idea of establishing a car hire business pops up. With the realization of this change in individuals there is a possibility of tapping in and making a gain while providing a service that is very much needed…
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Business Plan for Car Hire Company
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Download file to see previous pages These factors include the income and expenditure of the people, the availability of the market and the effects of the global financial issues on the location of the business. The city of New York is one of the major financial hubs in the world. For this reason it is set to be susceptible to changes in the economic conditions, say fluctuations in currency. This and many others will most definitely have an effect on the spending habits of the consumers and this will trickle down to the financial performance of the business.  The major headache that comes up when developing any particular business is when it comes to setting up. This is the time the proprietor asks the question of whether it is in order to develop a new establishment altogether or just purchase and refurbish what has already been in existence. The cheaper alternative is the one which is to be sought. After this issue has been sorted out the next thing to deal with will be the availability of inputs and whether the services will be timely. The car hire business can be a tricky one because there are some factors which may be beyond the control of the people involved. One such factor is the case of being stuck in traffic. This is something that can happen at any one time and it cannot be controlled by the car driver or the owner of the business.Aside from the issues dwelling on finances and the availability of the target market there are certain issues which may bring down the functionality market....
The P.E.S.T. analysis is the best way of getting to know of these traits in the environment of operation. This analysis will try and point out the effect which the political situation has on the business and its operations. At the same time it will point out the economic factors that influence the performance of a business. These factors include the income and expenditure of the people, the availability of the market and the effects of the global financial issues on the location of the business. The city of New York is one of the major financial hubs in the world. For this reason it is set to be susceptible to changes in the economic conditions, say fluctuations in currency. This and many others will most definitely have an effect on the spending habits of the consumers and this will trickle down to the financial performance of the business. The major headache that comes up when developing any particular business is when it comes to setting up. This is the time the proprietor asks the question of whether it is in order to develop a new establishment altogether or just purchase and refurbish what has already been in existence. The cheaper alternative is the one which is to be sought. After this issue has been sorted out the next thing to deal with will be the availability of inputs and whether the services will be timely. The car hire business can be a tricky one because there are some factors which may be beyond the control of the people involved. One such factor is the case of being stuck in traffic. This is something that can happen at any one time and it cannot be controlled by the car driver or the owner of the business. Aside from the issues ...Download file to see next pagesRead More
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